NEW DELHI: Discontinuing a much-criticised sealed cover practice it encouraged for decades, the Supreme Court on Friday applied the salutary transparency principle to discard names of experts suggested in a closed envelope by the Centre and said it will pick a panel headed by a retired SC judge and comprising experts for an in-depth probe into all aspects of the Hindenburg report on Adani Group resulting in a dramatic meltdown of the latter's shares.
A bench of Chief Justice D Y Chandrachud and Justices P S Narasimha and J B Pardiwala said it will soon pass orders constituting the committee for an expeditious probe into the Hindenburg-Adani issue and revealed that the committee would be empowered to seek assistance of investigating agencies and regulatory bodies to fulfil its mandate.
Appearing for the Centre, solicitor general Tushar Mehta agreed with the court's view while, significantly, emphasising that the government wants a comprehensive inquiry that should cover all aspects of the row, including the promoters of the group.
